Solicitors in Essex

Buy-To-Let judicial review – campaigners extend fundraising deadline

Tax rises will have impact on buy to let market

In his July 2015 budget, the Chancellor put buy-to-let investors in his crosshairs by scrapping a tax relief that allowed them to offset the interest on their monthly mortgage repayments, against their income tax bills, on the rent they receive. Then, in his November 2015 Spending Review, he went one step further by increasing stamp duty on purchases of additional residential properties – adding 3% on top of the standard rates. Continue reading...